BOISE, Idaho, Jan. 14 /PRNewswire/ -- The Idaho Public Utilities Commission today announced it will hold a hearing March 9 on Idaho Power Co.'s (NYSE: IDA) request to implement a power cost adjustment (PCA), according to Idaho Power.
Earlier this week at a pre-hearing conference, the commission indicated it intended to issue an order on the PCA application on or about April 1.
A PCA would adjust Idaho Power customers' rates annually to reflect the impact of snowpack and streamflow conditions on the power supply costs of the largely hydroelectric utility.
Extended drought in recent years has forced the utility to rely heavily on power purchased from others and on power from its more costly coal-fired power plants. The annual costs of these resources far exceed the power production costs projected when the company's rates were set by regulators.
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/CONTACT: J. LaMont Keen, 208-383-2640, or Daniel K. Bowers, 208-383-2263, both of Idaho Power/
(IDA)